Monday, June 18, 2018

V-Bottom Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Any time you sincerely want to make a change, the first thing you must do is to raise your standards. When people ask me what really changed my life, I tell them that absolutely the most important thing was changing what I demanded of myself. I wrote down all the things I would no longer accept in my life, all the things I would no longer tolerate, and all the things that I aspired to becoming.”


Crude Oil is bullish after a V-Bottom Reversal off last week’s low, and with such a strong move higher today I’m waiting patiently for nice DEEP pullbacks for buying opportunities tomorrow morning…

E-Mini S&P is bullish, but a recent double-top at this afternoon’s high is telling me to wait for the most reliable buying opportunities down at the low of a short-term trading-range tomorrow morning…

Nasdaq is bullish with a channel and a “grind-break”, telling me to look for buying opportunities using a trap-low and I have my eyes on a key support level at 48.50 tomorrow morning…

Gold is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using the '2-Try Rule' up above the range high tomorrow morning…

Euro is range-bound with a bear-bias this evening, telling me to look for selling-opportunities using buyer-failures up above the range high tomorrow morning…


Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Channel pattern this evening, telling me to look for buying opportunities after a DEEP pullback into support levels tomorrow morning…

One place I’m looking at closely is that 64.78 level because the original bull channel only got a shallow pullback for buyers, so I assume there are a LOT of bulls waiting on the sidelines for a change to get long at a low enough price tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a channel this evening, but the big clue is the lack of follow-through to new highs at the closing-bell this evening…

The bulls had a strong move higher, they got a DEEP pullback for the opportunity buy LOW, they want back to re-test the high, and now they’re just sitting there…

Without any clear proof going higher, my plan is to wait for that proof with some continued strength, or label this as a double-top and the high of the range and look for buying opportunities down at the low tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a V-bottom off the pre-market lows from earlier this morning, which tells me that buyers want to re-test today’s high but the price-action we’re seeing on the chart looks more like a Spike & Range pattern at this point, so my plan is to look for buying opportunities down below the range low to avoid buying into the objective tomorrow morning…

Gold Day Trading Strategy

Gold is bearish with a Spike & Range pattern on the chart this evening, telling me to look for selling-opportunities using buyer-failures up above the range highs while keeping my eyes open for buying opportunities using the '2-Try Rule' down at the range lows tomorrow morning…

Euro Day Trading Strategy


Euro is bearish with a flag and trading-range on the chart this evening, telling me to look for selling-opportunities using the '2-Try Rule’ up in the ‘battle zone’ above and possibly the buying opportunities using seller-failures down in the ‘battle zone’ below tomorrow morning…

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